Hi KIWI67, do you have an opinion on the SI’s that subscribed in Apr-2015 to the $250k worth of con. notes with a conversion price of $00.0015 each and all the free, one for one $00.0015 options, subject to all the necessary regulatory approvals, might just be getting a little concerned by now?
Quote from Apr-2015 - “Corporate Update The Board of International Goldfields Limited (ASX: IGS) ("the Company") is pleased to advise that is has completed a convertible loan facility for $250,000, converting at a fixed A$0.0015 with one for one 2 year attaching options (exercisable at A$0.0015), subject to all the necessary regulatory approvals.”
In 5 weeks there will be $5k in cash left, no options issued, no resolutions at the AGM to issue the options and from memory no capacity left and no resolutions at the AGM in regard to anything WG.
